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Dukascopy vs ForexTime (FXTM) 2020

Is Dukascopy better than ForexTime (FXTM)? After testing 30 of the best forex brokers over five months, Dukascopy is better than ForexTime (FXTM). Thanks to its JForex platform suite, Dukascopy provides forex traders industry-leading trading tools and market research, which includes our favorite mobile app for 2020. Drawbacks include unreliable customer service and a narrow offering of tradeable markets.



CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature Dukascopy ForexTime (FXTM)
Overall 4.5 3.5
Dukascopy Review ForexTime (FXTM) Review
77.73% of retail CFD accounts lose money 73% of retail CFD accounts lose money

Regulation

Feature Dukascopy ForexTime (FXTM)
Trust Score 90 70
Year Founded
2004 2011
Publicly Traded (Listed)
No No
Bank
Yes No
Tier-1 Licenses
2 0
Tier-2 Licenses
0 1
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature Dukascopy ForexTime (FXTM)
ASIC Authorised (Australia)
No No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
Yes No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
Yes No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature Dukascopy ForexTime (FXTM)
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
60 59
CFDs - Total Offered
593 193
Cryptocurrency traded as actual
Yes No
Cryptocurrency traded as CFD
Yes No
Offering of Investments 4 3
Winner check_circle

Cost

Feature Dukascopy ForexTime (FXTM)
Average Spread EUR/USD - Standard
1.00 (as of Q3 19) 0.8
All-in Cost EUR/USD - Active
0.52 (as of Q3 19) 1
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4.5 4
Winner check_circle

Funding

Feature Dukascopy ForexTime (FXTM)
Minimum Initial Deposit
$100.00 $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
No Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature Dukascopy ForexTime (FXTM)
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No No

Trading Tools

Feature Dukascopy ForexTime (FXTM)
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
No Yes
Watchlists - Total Fields
4 Default MT4/MT5
Charting - Indicators / Studies (Total)
291 Default MT4/MT5
Charting - Drawing Tools (Total)
24 Default MT4/MT5
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 5 3
Winner check_circle

Mobile Trading

Feature Dukascopy ForexTime (FXTM)
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
No No
Charting - Indicators / Studies
46 Default MT4/MT5
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No
Mobile Trading 5 3.5
Winner check_circle

Research

Feature Dukascopy ForexTime (FXTM)
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes Yes
AutoChartist
No No
Trading Central (Recognia)
No No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 4.5 3
Winner check_circle

Education

Feature Dukascopy ForexTime (FXTM)
Has Education - Forex
No Yes
Has Education - CFDs
No No
Client Webinars
Yes No
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
No Yes
Education 4 3.5
Winner check_circle

Major Forex Pairs

Feature Dukascopy ForexTime (FXTM)
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature Dukascopy ForexTime (FXTM)
Dukascopy Review ForexTime (FXTM) Review
Overall 4.5 3.5
Winner check_circle

Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare Dukascopy vs ForexTime (FXTM).

Does Dukascopy or ForexTime (FXTM) offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Dukascopy offers better pricing overall for traders.

Is Dukascopy or ForexTime (FXTM) safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Dukascopy holds 2 global Tier-1 licenses, while ForexTime (FXTM) holds 0. ForexTime (FXTM) holds 1 global Tier-2 licenses, while Dukascopy holds 0. All regulators considered, Dukascopy has a Trust Score of 90.00, while ForexTime (FXTM)'s Trust Score is 70.00.

Which trading platform is better: Dukascopy or ForexTime (FXTM)?
To compare the trading platforms of both Dukascopy and ForexTime (FXTM), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Dukascopy offers a better experience. With research, Dukascopy offers superior market research. Finally, we found Dukascopy to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Dukascopy and ForexTime (FXTM) both offer copy trading. Both Dukascopy and ForexTime (FXTM) offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
Dukascopy provides traders 60 currency pairs (e.g., EUR/USD) compared to ForexTime (FXTM)'s 59 available pairs. Forex pairs aside, Dukascopy offers traders access to 593 CFDs while ForexTime (FXTM) has 193 available CFDs, a difference of 400.

Overall, between Dukascopy and ForexTime (FXTM), Dukascopy is the better forex broker.

Dukascopy Review
ForexTime (FXTM) Review

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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